22,209 Shares in Western Midstream Partners, LP $WES Acquired by Cwm LLC

Cwm LLC bought a new position in Western Midstream Partners, LP (NYSE:WES) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 22,209 shares of the pipeline company’s stock, valued at approximately $873,000.

Several other large investors have also recently bought and sold shares of WES. Sound Income Strategies LLC bought a new position in shares of Western Midstream Partners in the second quarter worth $39,000. MTM Investment Management LLC purchased a new position in Western Midstream Partners during the second quarter worth about $39,000. Allworth Financial LP bought a new position in Western Midstream Partners in the 2nd quarter worth about $43,000. Ameritas Advisory Services LLC purchased a new stake in shares of Western Midstream Partners in the 2nd quarter valued at about $49,000. Finally, Iron Horse Wealth Management LLC purchased a new stake in shares of Western Midstream Partners in the 2nd quarter valued at about $58,000. 84.82% of the stock is owned by institutional investors.

Western Midstream Partners Stock Performance

Western Midstream Partners stock opened at $39.60 on Wednesday. The firm has a fifty day simple moving average of $39.08 and a two-hundred day simple moving average of $38.91. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.08. Western Midstream Partners, LP has a twelve month low of $33.60 and a twelve month high of $43.33. The company has a market capitalization of $16.16 billion, a PE ratio of 11.72 and a beta of 0.76.

Western Midstream Partners (NYSE:WES) last released its quarterly earnings data on Tuesday, November 4th. The pipeline company reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Western Midstream Partners had a return on equity of 39.37% and a net margin of 35.18%.The firm had revenue of $952.48 million for the quarter, compared to the consensus estimate of $965.55 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts expect that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend was Friday, October 31st. Western Midstream Partners’s payout ratio is 107.69%.

Analysts Set New Price Targets

Several brokerages have recently commented on WES. Wells Fargo & Company boosted their price objective on Western Midstream Partners from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Stifel Nicolaus set a $43.00 target price on shares of Western Midstream Partners in a research report on Thursday, November 6th. Wall Street Zen cut shares of Western Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Royal Bank Of Canada raised their price objective on shares of Western Midstream Partners from $39.00 to $42.00 and gave the company a “sector perform” rating in a research report on Friday, November 28th. Finally, Citigroup began coverage on shares of Western Midstream Partners in a report on Monday, October 20th. They set a “neutral” rating and a $39.00 price objective for the company. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Western Midstream Partners presently has a consensus rating of “Hold” and an average target price of $41.50.

Western Midstream Partners Profile

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.